Public Debt in Korea
Public debt averaged 43.5% of GDP in the decade to 2022, below the Asia-Pacific region's average of 86.8% of GDP. In 2022, Korea's public debt was 53.8% of GDP. For more public debt information, visit our dedicated page.
Korea Public Debt Chart
Note: This chart displays Public Debt (% of GDP) for Korea from 2013 to 2023.
Source: Macrobond.
Korea Public Debt Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Public Debt (% of GDP) | 35.4 | 41.1 | 43.7 | 45.9 | 46.9 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Korean public debt projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable public debt forecast available for Korean public debt.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Korean public debt projections.
Want to get access to the full dataset of Korean public debt forecasts? Send an email to info@focus-economics.com.